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To: AllansAlias who wrote (4754)	6/12/2001 5:45:16 PM
From: Shack	Respond to of 209892

I prefer the cracking of the neckline followed by a swift reversal. Either way, I think the bulls will indeed 'release the hounds.'

To: AllansAlias who wrote (4754)	6/12/2001 5:51:18 PM
From: martin001	Read Replies (2) \| Respond to of 209892

Alan if you have a moment Take a look at EXTR's chart. Another one of those damn H/S <g> Anyway my point is today it fell to 28 - which is a must hold. Nothin but air under it except some at 24. This would definitely be capable of a H/S measured move to the 18. But amazingly they had a meeting today and said this quarter looks good. I mean the timing is almost eerie dont you think? I must have seen dozens of charts like that today. So It will definitely take some doing to get these to break below each one's critical level of support. The edge still goes to the bulls for now. Need to see some volume come for the doubters out there but we may not get that until fall. Climbing a wall of worry all the while. M

To: AllansAlias who wrote (4754)	6/12/2001 5:53:37 PM
From: UnBelievable	Read Replies (1) \| Respond to of 209892

the hound of the baskervilles? Got a link?

To: AllansAlias who wrote (4754)	6/12/2001 6:28:38 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

re: Head and shoulder tops, and the "hounds of baskerville" Good points Allan. For anyone interested a great definition of the hounds of baskerville signal can be found on page 105 in A. Elders book "Trading for a Living" fwiw Elder advises going long on the breakout over the head and not the right shoulder...but aggresive traders who rely on many other indicators would indeed probably be getting long on the build off the right shoulder also, I think what a lot of people aren't recognizing is the fact that Head and shoulder formations are a much more valid and reliable pattern in bear, or down trending markets...as are rising wedge breakdowns, which will often roll over into H/S formations upon breaking down. I think everyone is looking for them more because the patterns are playing out more and more often, and meeting their measurements. again, very few seem willing to wait for the next pattern to resolve, it's a gamblers market more than ever...who can stand the most pain. Shorts or longs... Regards, John